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Mortgage Resources

because we are all calculator nerds ar heart...

Whether you're just looking to play around with the numbers yourself to do a quick monthly payment calculation, or perhaps you're looking for a closing cost or property transfer tax calculator, I have them on my calculator hub - and guess what...

These aren't your moms old school spreadsheet looking 1990s calculators, they are modern, easy to use, mobile friendly calculators.

In other news... I still use those spreadsheets when getting you the best mortgage though, just a heads up ;)

Go on now, get on with your bad self and crunch those numbers!

What is the difference between a bank and a mortgage broker in Canada?

A bank offers its own mortgage products. A mortgage broker compares options across multiple lenders and helps you choose the best fit based on cost, flexibility, and your goals.

  • Bank: one lender’s products

  • Broker: multiple lenders and strategies

  • Best choice depends on your needs


    If you already have a bank offer, send it to me and I’ll sanity-check it.

Do I need 20% down to buy a home in Canada?

Not always. Many buyers purchase with less than 20% down, depending on the purchase price and mortgage type. The right answer depends on your budget, price range, and long-term plan.

  • Less than 20% is possible in many cases

  • Different rules apply based on home price

  • Down payment source must be documented

Tell me what you have saved and what you’re aiming to buy and I’ll give you the straight truth.

What is an insured mortgage vs an uninsured mortgage?

An insured mortgage typically involves mortgage default insurance and is common with smaller down payments. Uninsured mortgages generally have larger down payments and different lender pricing and rules.

  • Insured often allows lower down payment

  • Uninsured often requires more equity

  • Pricing and eligibility can differ

Tell me your down payment and price range and I’ll tell you where you fit.

What closing costs should I budget for when buying a home in BC?

Closing costs are the not-as-fun costs that come with buying a home, and budgeting for them early keeps everything calm. In BC, closing costs often include legal or notary fees, title insurance, appraisal if required, and potentially property transfer tax depending on your situation.

  • Legal or notary fees

  • Title insurance

  • Appraisal if required

  • Moving and setup costs

  • Property transfer tax may apply depending on eligibility

Want a realistic estimate for your scenario? I’ll give you a range in minutes.

Are online mortgage calculators accurate in Canada?

They’re helpful for a rough estimate, but they often miss key factors like stress test rules, debts, strata fees, and lender-specific guidelines. Use calculators for a starting point, not a final answer.

  • Good for ballpark figures

  • Not personalized to your full file

  • Lender rules vary widely

If you want accuracy, send me your numbers and I’ll run it properly.

What is mortgage portability in Canada?

Portability is the ability to move your mortgage to a new property when you buy and sell, often without paying a break penalty. Not all mortgages are equally portable, so the details matter.

  • Useful if you move before your term ends

  • Rules and timelines can be strict

  • New property still needs approval

If moving is on your radar, we should plan for it now, not later.

What is a mortgage prepayment privilege?

Prepayment privileges let you pay extra on your mortgage without penalty, up to a limit set by your lender. It’s a great feature if you want to pay down faster or have variable income.

  • Limits vary by lender and product

  • Options include lump sums and payment increases

  • Penalty rules matter

If paying down faster matters to you, I’ll help you choose a mortgage that supports that.

What credit score do I need for a mortgage in BC?

Credit score requirements vary by lender and mortgage type, but stronger credit generally unlocks better options. Even if your score isn’t perfect, you may still qualify depending on the full picture.

  • Lender requirements vary

  • Payment history and debt levels matter

  • Strategy can improve options quickly

If you’re unsure where you stand, I can review your scenario without judgment.

Download My Mortgage Planner App

What can you do with my app:

  • Calculate your total cost of owning a home

  • Estimate the minimum down payment you need

  • Calculate Land transfer taxes and the available rebates

  • Calculate the maximum loan you can borrow

  • Stress test your mortgage

  • Estimate your Closing costs

  • Compare your options side by side

  • Search for the best mortgage rates

  • Email Summary reports (PDF)

  • Use my app in English, French, Spanish, Hindi and Chinese

Why I thought you'd never ask...

My favourite Mortgage FAQs

You have questions, I have answers!

What is the best mortgage rate right now?

I'd love to tell you that mortgage rates are the be all end all, and that I always have the lowest rates on the market, but that's not true. While I do have access to numerous lenders that have amazing rates, rates is actually only a small piece of the mortgage puzzle. It's the shiny object that big banks like to dangle in front of you, but there are other important things in your mortgage terms that we need to look at to make sure you're in the right product that works for you. For example, one bank might have a super low advertised rate, but only a small percentage of the population can actually access that rate. Or in other scenarios, you can access a lower rate but you're required to take on other mortgage insurance products that actually end up costing you more. I'm here to help you make sure you get the best deal all around, not just the best rate.

Is it possible to get a mortgage if I am self-employed?

Yes! Not all lenders are created equal, and some of them prefer traditional T4 salaried income, while others specialize in financing for small business owners and self-employed individuals. I'm here to help you find the right one!

What do I need to get started on a mortgage application?

Everything.

Just kidding (kind of 🤪).

When you're ready to apply for your mortgage, I will send you a list of the documents you'll need to gather and this is what I use to create a package that gets sent off to the lenders to approve your mortgage. I will ask for things like your Notice of Assessments for the last 2 years from CRA, T4's for the last 2 years, 2 recent paystubs, current debts etc. I make this process as easy as possible and I'm always available throughout the process to make sure you know exactly what you're looking for and where to find it.

Can I just get a mortgage at my bank?

Technically yes, if you fit into their strict lending criteria that is. Most big banks have fairly rigid criteria that they use to determine who they will lend money to, and it's not always the easiest to fit into that box. If you already have a pre-approval from your bank, I can still take a look at it for you and make sure it's the best deal for you. If you've been turned down by your bank, then let's get this party started and apply with other lenders ;)

Is it really free to work with a mortgage broker?

Yes, in almost all cases working with me is free. Even my own father never understood how this works! But it is true. We work on contingency and receive a commission from the lenders. In tougher cases, if we have to go to a private lender, fees may apply however you would be well aware of this. Although the lenders pay our commission, my fiduciary responsibility is always to you!

What if I have a 💩 credit score?

We don't all have squeaky clean perfect credit bureaus, don't worry!
We’ll explore your options together. I have access to numerous lenders who specialize in different financial situations including less than ideal credit scores or self-employed income for example.

Does being older affect my ability to get a mortgage or renew my mortgage?

Fun fact, it's actually illegal in Canada to discriminate for mortgage financing based on age. So, woohoo! What actually determines what you qualify for on a new purchase, a renewal, or a refinance is your current income, debt, other assets etc. So, get on with your bad self ;) There’s mortgage products specific to aging in place too, like reverse mortgages.